What Is The Arbitration Process?



What Is The Arbitration Process?

It usually takes several weeks to months for parties to do the necessary discovery and other research to prepare for the arbitration hearing. The arbitration hearing itself will last anywhere from one day to a week. Generally the more complex the issues are, the longer an arbitration hearing will take.

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Arbitration Process Information:

Arbitration is a non-voluntary alternative dispute resolution process. Unlike mediation, a knowledgeable, independent, and impartial third party is empowered to make a decision. The arbitrator hears the disagreement between one or more parties and after considering all relevant information renders a final decision in favor of one of the parties. Arbitration decisions may be either binding or non-binding, depending on the terms of the arbitration agreement. Binding arbitration decisions may be confirmed by a court and carry the same significance as a court judgment.


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What Is The Arbitration Process?

It usually takes several weeks to months for parties to do the necessary discovery and other research to prepare for the arbitration hearing. The arbitration hearing itself will last anywhere from one day to a week. Generally the more complex the issues are, the longer an arbitration hearing will take.